Hedge funds do know what's going on, but they largely profit from doom talk, short selling and destruction... therefore I read live tweets etc. with caution.
Some jewellers will sell you small quantities of unformed gold, but you may not be certain of it's purity until you try to sell it! If you do buy gold from jewellers, never give them your real name and address, or you might be faced with double barrelled shotguns at dawn.
I blame the credit agencies Moody's, Fitch and S&P, and the measures they use to produce credit ratings.There is international group think going on amongst central bankers. They are stuck in a Keynsian loop that is based on false premises. This tells them that they can print their way out of trouble. So we arrive at the insanity that you get out of a debt bubble by creating more debt !
According to Dalio at Davos, Bitcoin is digital gold.
Hope that's just the start.
Then they buy it all as a unknown "whale" then sell and crash the market or worse confiscate the lot as illegal currency.
I agree with you there.
And that's one indication of the transfer of wealth from those who are asset poor to those who are asset rich and to the government themselves so they can make themselves popular by giving us back some of our own money in the form of grants and benefits.
Unfortunately, the UK has to hold pace with the USA... but by increasing wealth inequality, they're hastening the acrapalypse - fine if you're hoarding gold or are a hedge fund profiting from doom; most people will be fscked and fscked for decades. As long as it doesn't happen while they're in office, they can blame someone else.
Bitcoin could crash economies if allowed to persist, if coins approach billions or trillions in "Value". No wonder Santoshi Nakamoto's real identity is unknown... They can only confiscate from financial entities in their jurisdiction. I suppose big investors could move to the Central African Republic.
Technically you could move to El Salvador, they probs need the digital cash as they reportedly lost millions when bitcoin lost value last week(ish) - I agree with you Benjahmin I would add that the original concept has lost all meaning, it was designed to allow people who missed out on the Global banking system because of lack of ID, poverty and dis-trust, to trade and earn without Gov interfering, a fish for a day or teach them to fish kinda thing, then the rich took it and started trading it.
If you mean a country stock pile like China then yes, but I, never owning gold, can't see it as a means of exchange but as a store of value maybe, if currency has all but gone and a Central bank digital currency take hold, then what? And even some of the "influencers" have even stopped short of "bullion" vaults and gold allocation, with fractional reserve banking who to say the allocators aren't fractional reserving the gold? This is just my take on it mind.
Cheeky
... all over in a day or two, like Sting's (allegedly)
After another great depression, when fiat currency is sane once more, those who converted assets into gold, could sell to buy (much cheaper) assets again? Isn't that what some did before the great depression? Resulting in multi-generational wealth which persists to this day.
It's certainly much more volatile than fiat currencies... The storage mined coins seem to be gaining traction - less polluting - the trick is backing a winner early.
www.thegoldbullion.co.uk
